Billionaire Obi Cubana to Launch Tricycle Plant in Ebonyi

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Billionaire Obi Cubana to Launch Tricycle Plant in Ebonyi

Nigerian entrepreneur and chairman of the Cubana Group, Dr. Obinna Iyiegbu, widely recognized as Obi Cubana, has revealed his intention to establish a tricycle assembly plant in Ebonyi State.

During a press conference on Tuesday, March 25, 2025, following a discussion with Governor Francis Nwifuru in Abakaliki, Obi Cubana elaborated on the reasons behind his decision to invest in the region. He praised the governor for cultivating a peaceful atmosphere, enhancing security measures, and upgrading infrastructure, all of which have rendered Ebonyi an appealing location for business ventures.

There is a peaceful environment, enhanced security, and improved infrastructure under the Nwifuru-led administration. I commend the governor for creating an enabling environment for businesses to thrive, making Ebonyi a preferred investment destination,” he said.

The business leader underscored that the upcoming project will concentrate on the assembly and distribution of tricycles.

He also expressed the significance of investing in his native region rather than exclusively in other states.